InvestorsHub Logo
Followers 37
Posts 2564
Boards Moderated 0
Alias Born 04/20/2017

Re: None

Thursday, 02/29/2024 3:19:04 PM

Thursday, February 29, 2024 3:19:04 PM

Post# of 244619
There are no retail naked shorts here (IMHO).
I called TDA customer support (800-669-3900) this morning and was forwarded to their trading support desk for my two questions.
1) Can I put in a BUY LMT order @ .00001 or .000001? Answer: NO
2) Can I get a borrow (to short this stock)? Answer: "NO. THIS STOCK IS ON OUR NO BORROW LIST." *Same thing if I tried pulling up the security details on thinkorswim app. Cannot short.

Anyone spouting a bunch of "but the naked shorts!" doesn't know much about pennystocks and shorting. Shorting pennystocks is reserved for the MMs themselves, unless by some miracle arrangement for Mister Bigtime client, a broker arranges the borrows, breaking the "no borrow" restriction.